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"BEYOND THE RHETORIC": MEASURING
REVENUE TRANSPARENCY IN THE OIL AND GAS INDUSTRIES
Read the full company
report 
Read the full government
report
En Français: Rapport – Enterprises
En Français: Rapport – Gov't
En Español: Informe – Empresas
En Español: Informe – Gobierno
 - Companies
- Governments
Bahasa Indonesia – Governments
Bahasa Indonesia - Executive Summary
Several international initiatives have been launched to improve
transparency in the extractive industries. Companies and governments
of both the developed and developing worlds have made various
commitments to revenue transparency. But what actual progress
has been made to date? How does their performance rate?
The Measuring
Transparency project has developed a standard to assess
the performance of companies
and governments
in support of revenue transparency. It also provides a framework
to track their progress over time. The project's results highlight
the leaders and laggards in both the oil and gas industry
and between several countries. These will be used by investors,
NGOs, ratings agencies and other relevant actors to pressure
companies and governments for greater transparency.
Measuring Transparency was conceived by Save
the Children UK and developed in collaboration with investors,
independent consultants, ratings agencies and other members
of the Publish
What You Pay NGO coalition of which Save the Children
UK is a co-founder and leading member. "Beyond the
Rhetoric: measuring revenue transparency in the oil and gas
industry" was published by Save the Children UK on
the eve of the Extractive Industries Transparency Initiative
London Conference. There are two components to the report:
the first focuses on company performance, the second looks
at home government disclosure requirements.
The company
report shows that companies' performance is disappointing
overall. The countries in which performance was assessed are
Angola, Azerbaijan, Indonesia, Nigeria, Timor Leste and Venezuela.
Company scores are uneven from country to country. Piecemeal
efforts are being made in some countries but not everywhere,
thereby affecting overall company scores. But the report highlights
that systematic disclosure across countries is possible and
that regulatory requirements have a significant impact in
this regard.
The home
government report ranks Australia, Canada, France, Italy,
the Netherlands, Norway, Russia, South Africa, the UK and
the United States. It reveals that the countries that have
existing commitments to transparency are under-performing
and that Canada, a non-EITI participant, actually has the
best disclosure requirements on companies. The report calls
on the countries concerned to take advantage of upcoming reforms
of international accounting standards and the harmonisation
of securities regulations and incorporate transparency requirements
for company disclosure of revenue payments.
For full details, including copies of the reports and background
information, go to: www.publishwhatyoupay.org/measuring_transparency
Save the Children UK press release (17 March 2005): Transparency
begins at home
Read the full company
report
Read the full government
report
En Français: Rapport – Enterprises
En Français: Rapport – Gov't
En Español: Informe – Empresas
En Español: Informe – Gobierno
- Companies
- Governments
Bahasa Indonesia – Governments
Bahasa Indonesia - Executive Summary
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